Portugal Aviation Training Group Shares Significant 2021 Growth Performance

10th Aug 2022

Sevenair Group announced their official financial results of 2021 which registered an increase of 37% of revenue and an EBITDA increase of 263%.

“2021 was a year where all industries were still much affected by the pandemic and in particular the aviation industry and considering that is with a lot of pride that we see these results. They are fruit of the continuous efforts of all that integrate our companies and are part of Sevenair family.

We must highlight the performance of Sevenair Academy, the groups division fully dedicated to aviation training with a special focus on pilot
training. Having grown year on year since 2017 and 18% in 2020, the results of 2021 couldn’t be better. Revenues increased and the EBITDA increased 261% for over €2 million Euros.

These results give us the confidence to proceed on the current path and with the future projects we have idealized. They also show us that we have followed a mostly correct path so far.

We also believe that is a very positive sign to all that want to pursue training or other services with us to see the financial stability we have and which can guarantee them that we are solid and a valued partner to trust.” shared Alexandre Alves, Chief Commercial Officer.

Source: SevenAir Group

Photo Credit: SevenAir Academy

You may also check our Terms and Conditions for our Content Policy.

Check out the more than 2897 relevant pilot training industry updates here.

BACK

Other Updates

‘How One of the Largest USA Flight Schools is Ramping…

North America | 30th Sep 22

Visual Approach Analytics Says That US This Year Is Short…

North America | 30th Sep 22

China’s Aviation Regulator In Talks With Boeing For Revised Pilot…

Far East & China | 30th Sep 22

India Launches Indigenous Aviation Fuel; Major Milestone for the Country…

Indian Subcontinent | 30th Sep 22

Pilot Training Industry Market Intelligence straight to your Inbox!

Subscribe to AFM’s Newsletter and stay up to date with what is happening in the Pilot Training Industry.